Bears sustain dominance as capitalisation dips further by N47bn

Bears sustain dominance as capitalisation dips further by N47bn

[FILES] Photo/facebook/ngxgroup The bears maintained dominance on the equities sector of the Nigerian Exchange Limited, (NGX) for the second successive session yesterday, as many blue-chip stocks depreciated in price, resulting in a further decline in market capitalisation by N47 billion. In summary, the All-Share Index (ASI) declined by 87.81 absolute points, representing a decrease of […]

Hike in PMS Prices, Others Jerk Up Petroleum Marketing Companies Revenue by 47%

Hike in PMS Prices, Others Jerk Up Petroleum Marketing Companies Revenue by 47%

Kayode Tokede On the heels of increasing prices of Premium Motor Spirit (PMS) and other related products, a total of four listed Petroleum marketing companies on the Nigerian Exchange Limited (NGX) generated an increase of 47 per cent in revenue in 2021. These four companies, according to THISDAY investigations are Conoil Plc, Eterna Plc, Juli […]

Ease at sight as NNPC names 48 filling stations to give 24-hour fuel supply *See full list

Ease at sight as NNPC names 48 filling stations to give 24-hour fuel supply *See full list

Determined to improve the fuel supply situation in Nigeria, the Nigerian National Petroleum Corporation Limited (NNPC) Monday identified 48 fuel stations where motorists living in the Abuja city and its environs could get petrol irrespective of the time. The stations are to begin operation Monday night. A statement signed by Group General Manager, Group Public […]

CWG, Transcorp, FBN Holdings Lead Capital Market’s N47.48 Billion Investment

CWG, Transcorp, FBN Holdings Lead Capital Market’s N47.48 Billion Investment

A leading Information Technology service management company in Nigeria, Computer Warehouse Group (CWG) including Transcorp and First Bank Holdings led last week’s capital market investment based on volume, reports revealed. This is as the three companies contributed 43.65% and 4.38% to the total equity turnover volume and value respectively, Naija News understands. The Nigerian Exchange […]

Renewed profit-taking drags stock market indices by N20bn

Renewed profit-taking drags stock market indices by N20bn

Following renewed profit taking activity, the equities market halted five days gaining streak to close on a downturn yesterday, causing market capitalisation to plunge by N20 billion. Specifically, at the close of trading yesterday, the NGX All-Share Index depreciated by 37.83 basis points to 43859.30 points from 43897.13 points reported the previous day. Similarly, market […]